18 million in the UK financially worse off during second lockdown

Survey of 4,000 suggests

Adam Saville
clock • 1 min read

More than a third (36%) of the adult UK population - an estimated 18 million - said their finances were worse off than three months ago, a survey of 4,000 people has revealed.

Only 11% of those polled said their finances had improved, while 26% - an estimated 13 million - expect their finances to get worse over the next three months and 12% believe their situation to improve. As many as 20% - around 10 million people - said they have seen their income fall in the past three months, compared to 13% who said their income has increased, LV='s Wealth and Wellbeing Monitor also showed. Some 13% have reduced the amount they are saving into a pension and 4% of people who hadn't retired at the start of 2020 said they have had to access their pension savings to make...

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